Securonix

Securonix provides security information and event management (SIEM), user and entity behavior analytics (UEBA), and security orchestration, automation, and response (SOAR) capabilities. The company leverages these capabilities to monitor, detect, and respond to threats across cloud (cloud infrastructure, cloud data sharing applications, cloud access management tools, and cloud enterprise applications such as Amazon Web Services, Google Cloud Platform, Microsoft Azure, and Microsoft Office 365), hybrid, multi-cloud, and on-premises systems. Securonix XDR leverages UEBA and patented machine learning (ML) analytics to deliver automated threat hunting and response capabilities aligned to the MITRE ATT&CK framework, across endpoint, network, cloud, application, and identity solutions.

The company’s research team provides actionable intelligence on threat adversary tactics, techniques, and procedures, and helps prevent advanced cyber attacks by creating patented algorithms for behavioral and peer analytics.

Key customers and partnerships

Securonix claims to serve half of the Fortune 500 as well as government agencies globally. The company operates in the US, UK, Germany, Singapore, India, and generates more than half of its revenue in the US. Notable customers include Alberta Health Services and Leaselock.

The company partners with systems integrators, service providers, and solution vendors. Securonix partnered with the healthcare-focused IoT cybersecurity startup, Cynerio in April 2022 to integrate the latter’s solutions for enhanced network and security visibility across the Internet of Medical Things (IoMT) network of healthcare organizations.

Funding and financials

In February 2022, the company raised more than USD 1 billion in a private funding round led by Vista Equity Partners. The funds were expected to be utilized to expand its product offerings globally and hire senior employees. The company also reported a 100% growth in SaaS annual recurring revenue (ARR), as well as a 100% YoY growth in headcount, reaching 1,000 employees globally.

Soon after In April of the same year, strategic investors such as Capital One Ventures and Snowflake Ventures joined this round by investing an undisclosed sum in Securonix. The funds were to be used to extend security to the application layer, penetrate key verticals and geographic regions, and build customer and partner relationships.